CBD oil is a very popular product that has been growing in popularity over recent years. In line with that, CBD oil has been the subject of a lot of misinformation and scams. There are many benefits to CBD oil, but there are also some scams that people should be aware of when trying to buy the product.
What is CBD oil?
CBD is the acronym for cannabidiol, a chemical found in marijuana plants. CBD doesn’t produce psychoactive effects like those caused by THC. Tetrahydrocannabinol is a psychoactive ingredient that produces a “high” effect when consumed. Instead, it provides relaxation without feeling high or impaired. It has been shown to relieve pain, among other medical benefits, because of this unique profile as an alternative treatment option with fewer side effects than pharmaceuticals.
5 CBD oil scams and how they work
A lot of CBD oil companies are out there, and it can be hard to know which ones are legitimate. Here’s what you should know:
Selling hemp seed oil as hemp oil
Hemp seed oil and CBD oil are both products derived from the hemp plant, but they have some key differences. Hemp plants contain a higher concentration of cannabidiol (CBD), which is an ingredient with numerous potential health benefits while Cannabis Sativa seeds only produce oils from them. Hemp seed oil does not have any cannabinoids and can be purchased at the grocery store as a health supplement. Thus, the public does not get the claimed benefits of CBD oil.
Free CBD oil
CBD oil scams are prevalent because they seem so lucrative. Sure CBD oils may cost you a little. However, free CBD oils benefit you nothing. This is a game of whack-a-mole where these companies set up websites, promote free trial offers and then shut them down only to open another with an updated brand name. High-profit margins lead to a booming business with many dimensions and opportunities for deception.
The seller of this CBD oil is not being upfront about the cost. It’s a fraud! The product isn’t free at all, and you have to provide them with your credit card number to access it–therefore making this whole situation an outright red flag.
Copycat CBD Brands
Copycats are products that take advantage of trends in the market by either using different labels to indicate the same product or using misleading labeling to induce people into thinking they’re buying something else. They may even market their CBD oils as affordable products. A lot of these copycats also use misleading marketing tactics, like claiming to be made by pharma-grade professionals.
The majority of copycat brands on the market are fake and will charge your credit card until you cancel. There are many companies that claim to offer CBD oil but in reality, the product is not effective at all.
CBD Oil Scams are created by companies that make false, misleading, or unsubstantiated claims about the health benefits of their products. Typically, these companies use fear and emotional appeals to convince consumers to buy CBD oil. These people have an unscrupulous goal of profiting from this trend with “miracle” cures.
Some examples of unrealistic claims include:
- CBD as a cure for cancer.
- CBD can be used by everyone.
- CBD is FDA-approved. The FDAhas not approved any other drug products that contain CBD.
- CBD has a specific effective dose.
CBD Shark Tank Scam
If you see a CBD gummy company advertising themselves online with claims of being featured on Shark Tank, then they’re likely trying to take advantage and make money off your ignorance. It is a popular show where startups from around the world pitch their ideas to an investor panel and persuade them, in just two minutes or less.
CBD gummies are a popular item on the internet, but no company has ever been featured in the show. CBD gummy sharks take advantage of their unsuspecting prey by employing a friendly approach. They pretend to be selling genuine CBD products.
How to tell if the CBD oil you’re buying is legitimate?
Erik Pham, the founder of Healthcanal, believes that CBD hemp oil should only be sourced in regions where marijuana cultivation has been legalized. These areas typically have more regulations in place for manufacturing and less chance of toxic solvents being used in production.
The other way to tell if the CBD product was genuine, aside from sourcing determination, would be through lab testing of the end product. Lab tests could identify substances like pesticides or any contaminants that are present during production to ensure that consumers are receiving a pure hemp extract with all claimed benefits intact.
The more transparency there is about ingredients and manufacturing processes from an independent third-party source, the more legitimate the CBD oil is.
You must be aware of the different types of CBD oil scams that exist, so you don’t fall victim to them. The scam artists behind these scams are getting more and more creative in their tactics. Thus, consumers must do careful research before buying CBD products. Remember, many high-quality suppliers offer great products at a fair price. Be sure to be vigilant and stay informed.